Tmc the metals Co. Inc. (TMC) intrinsic value & 10-year financials
Tmc the metals Co. Inc. (TMC) has a Graham intrinsic value of $17.54 per share. At $2.58 on Oct 17, 2026, the stock trades 85% below that value.
- Graham intrinsic value
- $17.54
- Share price (Oct 17, 2026)
- $2.58
- Price vs Graham value
- 85% below
- Market cap
- $992.0M
- Revenue (FY2025)
- —
- ROIC (10-yr avg)
- 215.8%
- Free cash flow (FY2025)
- -$43.1M
TMC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | — | -$319.8M | $0.83 | -$43.1M | — | 1587.4% |
| FY2024 | — | -$81.9M | $0.25 | -$44.0M | — | 921.3% |
| FY2023 | — | -$73.8M | $0.26 | -$60.2M | — | -276.2% |
| FY2022 | — | -$171.0M | $0.71 | — | — | -259.4% |
| FY2021 | — | -$141.3M | $0.69 | — | — | -289.1% |
| FY2020 | — | -$2.9M | $0.32 | — | — | -117.0% |
| FY2019 | — | -$9.0K | — | — | — | -56.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
TMC the metals Co Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
TMC the metals Co Inc. has historically struggled to out-earn its cost of capital, averaging just -22.4% ROIC.
TMC the metals Co Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, TMC the metals Co Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $17.54 per share.